Quote:
Originally Posted by CoachKandSportsguy
Bloomberg:
Sunrun Takes $1.2 Billion Charge in Latest Blow to Solar
The promise of the renewable energy industry, underscored by Sunrun Inc.’s acquisition of Vivint Solar three years ago, had investors rushing to jump in. Now, solar stocks are facing a major sell-off, spurring Sunrun to take a $1.2 billion charge to write down the value of its purchase.
The move at the biggest US rooftop solar company comes on the heels of a string of bad news across the sector. SunPower Corp. tumbled 5.6% Wednesday after cutting its full-year guidance due to weaker demand for its rooftop solar systems. SolarEdge Technologies Inc., which makes inverters that allow homes to use solar power, saw its stock plunge more than 20% in late trading Wednesday.
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I find it interesting that so many people seem to take delight in seeing someone or some business fail or perform poorly. The Germans have a word for it:
Schadenfreude (/ˈʃɑːdənfrɔɪdə/; German: [ˈʃaːdn̩ˌfʁɔʏ̯də]; literal translation 'harm-joy') is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another.
It has been found to be more active in people with low self-esteem.
This behavior appears to be widespread among climate change deniers who are against alternative forms of energy & electric cars (Tesla in particular) & revel in reporting anything negative they can find regarding these subjects.